Bitcoin Depot Inc. (NASDAQ:BTM) Insider Sells $4,999,998.72 in Stock

Bitcoin Depot Inc. (NASDAQ:BTM) insider Brandon Taylor Mintz sold 2,906,976 shares of Bitcoin Depot stock in a transaction dated Wednesday, April 24th. The shares were sold at an average price of $1.72, for a total value of $4,999,998.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Brandon Taylor Mintz also recently made the following trade(s):

• On Monday, April 1st, Brandon Taylor Mintz sold 50,000 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.73, for a total value of $86,500.00.
• On Wednesday, March 27th, Brandon Taylor Mintz sold 62,865 shares of Bitcoin Depot stock. The shares were sold at an average price of $1.99, for a total value of $125,101.35.

Bitcoin Depot Price Performance

Shares of BTM remained flat at $1.80 during mid-day trading on Friday. The stock had a trading volume of 57,798 shares, compared to its average volume of 355,194. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.81 and a current ratio of 0.81. Bitcoin Depot Inc. has a 52-week low of $1.36 and a 52-week high of $10.86. The business has a 50-day simple moving average of $2.15 and a 200-day simple moving average of $2.35.

Institutional Investors Weigh In On Bitcoin Depot

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BTM. Shaolin Capital Management LLC purchased a new stake in shares of Bitcoin Depot in the third quarter worth $11,244,000. AWM Investment Company Inc. purchased a new stake in shares of Bitcoin Depot in the third quarter worth $2,464,000. Radcliffe Capital Management L.P. purchased a new stake in shares of Bitcoin Depot in the third quarter worth $1,075,000. Meteora Capital LLC purchased a new stake in shares of Bitcoin Depot in the third quarter worth $902,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of Bitcoin Depot in the third quarter worth $703,000. 9.18% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BTM has been the subject of a number of recent research reports. B. Riley dropped their target price on Bitcoin Depot from $6.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, March 26th. HC Wainwright dropped their target price on Bitcoin Depot from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Tuesday, March 26th.

About Bitcoin Depot

Bitcoin Depot Inc owns and operates a network of cryptocurrency kiosks in North America. It provides users to buy and sell bitcoin, litecoin, and ethereum cryptocurrencies; and engages in the sale of cryptocurrency to consumers at a network of retail locations through its BDCheckout product offering and through its website over the counter trade.